8. 1. Describe the Marketing Mix (7Ps) in relation to the
business opportunity vis-à-vis, (CS_EP11/12ENTREP-
0h-j-10) Module 5:
- Describe the concept of marketing Mix
- Identify the seven P’s in the marketing mix
Product
Place
Price
Promotion
People
Packaging
Positioning
OBJECTIVES:
9. Marketing Mix
- is a set of controllable and connected variables that a
company gather to satisfy a customer better than its
competitor.
- is a strategy of choosing and implementing the best
possible course of action to attain the organization’s
long-term objectives and gain competitive edge.
11. PRODUCT
- refers to any goods or services
that are produced to meet the
consumer’s wants, tastes, and
preferences.
12. What is the product?
Who is this product aimed
towards?
What does it do?
What is special or different
about the product?
Why do people need your
product?
13. PLACE
- represents the location where
the buyer and seller exchange
goods or services.
- the distribution channel
either physical store or online
shops on the internet.
14. Where would you be able to buy this
product?
Why did you choose to sell your product
at this place?
17. What do you think the price of
this product is? Why do you
think it is this price?
What are the prices of your
competition?
What is the price of the
product? Why did you choose
this price?
18. PROMOTION
- refers to the complete set of
activities, which
communicate the product,
brand, or service to the user.
- To attract people to buy the
product over others.
19. Where would you see this product
advertised? Where are you going to
advertise your product?
Who will be the spokesperson for your
project ?